Regulation & Compliance
When EVs Take Off: AM Best Reviews Impact on China Motor Insurance
Premiums for policies covering new energy vehicles in China have soared to $13.8 billion—a six-fold jump from the level recorded five years earlier, AM Best said in a special report published ...
Moody’s Global P/C Outlook Now Stable Despite Past-Peak Commercial Pricing
Moody's Ratings changed the sector outlook for the global property/casualty insurance industry to stable from negative last month, pointing to personal lines price hikes in the U.S. and UK as a ...
California Insurers Required to Increase Home Coverage in High Risk Wildfire Areas
Insurance companies that stopped providing home coverage to hundreds of thousands of Californians in recent years as wildfires became more destructive will have to again provide policies in ...
Dear Elon and Vivek: Insurance Commissioners Urge DOGE to Ditch FIO
Insurance commissioners from nine states are looking to the new Department of Government Efficiency to do away with the Federal Insurance Office. In a letter, addressed to DOGE heads Elon Musk and ...
What’s Not Changing in 2025: Homeowners Outlook, Re Retentions
When analysts at AM Best reviewed outlooks for the property/casualty insurance and reinsurance sectors this week, recent good news of a change in outlook for personal lines—and for the personal ...
Farmers To Resume Calif. Condo, Renters Cover; Write More HO Policies
Farmers Insurance said on Wednesday it will resume offering coverage for multiple lines of insurance in California to new customers. The lines include condominium, renters, umbrella, landlord, vacant ...
Mixed Bag: What Trump 2.0 Tariffs, DOGE Activities Mean For Insurers
Setting aside the populist flavor of his campaign rhetoric, Donald J. Trump's previous service as the nation's 45th President presents a remarkable opportunity to make educated guesses about the ...
Viewpoint: Artificial Intelligence Faces New Era of Regulatory Oversight
The use of artificial intelligence grew in leaps and bounds during 2024, and regulators have taken note, increasing their oversight across the globe. It's a technological tool that holds immense ...